Apr 8, 2014

Update

Support and MA50 on the daily chart reached.... now it is time for the bounce for a day or two which I wrote about.
MA50 and 50% Fibo retracement to around 1865 +-several points looks like the logical target.

2 comments:

  1. Great stuff Krasi! Always appreciate your thoughtful analysis. Has the NDX finished its decline from yesterday or was that wave A?

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    Replies
    1. I think that the correction is not over and that was leg one(A) now bounce higher and one more leg lower.
      NDX looks a little bit better with positive histogram and stochastic divergences on the daily chart... move above 4200 and I am wrong.

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